EUR/USD
At the H4 chart the price continues the corrective movement in an upward direction. We may assume that wave [4] is taking the form of double zigzag pattern. Most likely, in the nearest future Euro will grow up and form wave C of (Y). However, later we can expect the price to make a reverse.
As we can see at the H1 chart, Euro is in the very beginning of wave [3] of C. We can’t exclude a possibility that the price may break the local maximum during the day. The short-term target is at the level of 1.2650.
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